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» VISIT US ONLINE @ DSNEWS.COM 89 ing these challenges head-on, we have become stronger and better able to service our custom- ers while maintaining our goal of 'doing the right thing every time." Speed added, "Nothing has shaken Tom's consistent attitude of doing the right thing by everyone." National Asset Advisors, LLC and National Asset Mortgage, LLC, both Reaves' affiliated companies, have worked with Speed and NoteExpo for a long time. Recently, the companies partnered to help members of the NoteSchool Mentorship program with loan origination, servicing notes, collections, and preservation. "Students in our mentorship program range from highly sophisticated investors to those who are new to the business," Speed explained. "We realized that there was a gap in the process that NAA is so uniquely qualified to provide—anywhere from billing to specialty services. e company has established proce- dures, a proven track record, and incredible scalability—all services that offer a perfect fit for the investors in our mentorship program." TEXAS New Reports Conclude Dodd- Frank Has Adversely Affected Main Street Last year, the House Financial Ser- vices Committee held a series of hearings to examine the impact of Dodd-Frank on Americans during the fifth anniversary of the highly controversial Wall Street Reform legislation. e Committee has long held that the massive 2,300-page Dodd-Frank Act has brought on heavy compliance burdens that make it tougher on community banks and credit unions to offer the same level of ser- vice to customers that they had prior to the existence of the law. In addition, the Com- mittee says it is tougher for creditworthy Americans to buy a home than it was prior to Dodd-Frank; indeed, they estimate that one in five borrowers who purchased a home with a mortgage in 2010 would not qualify under Dodd-Frank's current underwriting rules. As more evidence that the effects of Dodd-Frank have been more harmful than helpful to businesses on Main Street, the Committee presented two recently-published reports this week: One from the Federal Reserve Bank of Dallas and a non-partisan study from the Government Accountability Office (GAO). e Dallas Fed report concluded that many community financial institutions may be "too small to succeed" in the era of the "regulatory onslaught" brought on by Dodd-Frank. e report pointed out that community banks, despite seeing a decline in market share down to about 19 percent of $15.9 trillion in total assets, still hold about 55 percent of small business loans and 75 percent of agricultural loans. "Notwithstanding the benefits commu- nity banks bring to the economy, practically no new banks have entered the market since 2008," the Dallas Fed stated in the report. e report also spoke of the increasing compliance burden for banks, saying that "the playing field is becoming more uneven." "Banks of all sizes and complexities have to hire compliance personnel to prop- erly align their institutions with these new regulations," the Dallas Fed stated. "But for smaller institutions, the compliance burden is likely greater." e nonpartisan GAO's report also indi- cated an "increased compliance burden" to community banks and credit unions, and that burden has "begun to adversely affect some lending activities," such as mortgage lending to customers who would not typically be served by the larger banks. Not only that, but the GAO stated that "e full impact of the Dodd-Frank Act remains uncertain because many of its rules have yet to be implemented and insufficient time has passed to evaluate others." e Credit Union National Association (CUNA) issued a statement on the GAO's report, that said "It is our hope that Con- gress will thoroughly investigate the costs of a regulatory burden as the full picture unfolds and more regulatory requirements become effective." e House Financial Services Committee stated in its release that it is working to try to reverse the adverse effects of Dodd-Frank on Main Street. "In 2015, 28 Committee bills were signed into law, including six dealing with Dodd- Frank," the Committee reported. "In 2016, we'll be working to present proposals laying out a better vision for financial reform—bold ideas that promote more opportunities for low and moderate-income Americans, pro- tect taxpayers from future Wall Street bail- outs, and empower families and individuals to achieve financial independence." Knowledge Knowledge Knowledge & Experience & Experience & Experience & Experience & Experience You Can Count On SAN ANTONIO'S #1 HISPANIC REALTOR FOR 2015 Ruben M. Peña TC AUSTIN RESIDENTIAL GROUP, LLC 12950 Country Pkwy Suite 180 San Antonio, TX 78216 210.490.3948 ext. 1002 Offi ce 210.424.0312 Direct 210.710.2612 Cell www.tcaustinres.com Knowledge Knowledge Knowledge & Experience & Experience Knowledge & Experience Knowledge & Experience You Can Count On You Can Count On & Experience You Can Count On & Experience Knowledge default servicing in print and online @ dsnews.com 08.2014 default servicing in print and online default servicing in print and online default servicing in print and online default servicing in print and online .201 .201 .201 .201 .201 .201 .201 .201 .201 .2014 default servicing in print and online default servicing in print and online default servicing in print and online default servicing in print and online default servicing in print and online default servicing in print and online default servicing in print and online default servicing in print and online @ dsnews.com dsnews.com dsnews.com dsnews.com dsnews.com dsnews.com dsnews.com 08 08 08 08 08 08.201 .201 Housing's Golden Investment or Fairy Tale? While data shows that the housing industry is making a signifi cant rebound, some housing market investors are fi nding that in the realm of purchasing of non-performing notes is a mere fantasy. 68 Q&A SESSIONS GOOD FOR BUSINESS Knowing which questions to ask is a critical piece to investor success in the changing marketplace. 72 PREYING FOR PAYOFF Troubled homeowners are easy prey for scammers, but steps can be taken by homeowners and servicers to make sure their investments are protected. 64 APPLES, ORANGES, AND LEMONS: EFFECTIVELY MEASURING HAZARD- CLAIMS MANAGEMENT If the devil is truly in the details, one of those details for mortgage servicers is managing the mortgagee-fi led hazard insurance claims process. DS News is the only publication in the country solely dedicated to providing default servicing professionals with news and content focused on their industry. SUBSCRIBE TO THE LEADER IN DEFAULT SERVICING NEWS SUBSCRIBE NOW! Call 214.525.6700 or connect with us online at DSNews.com.

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